 "Copper gains by 0.4% on positive global cues")
Copper futures rose marginally by 0.36% to Rs 364.75 per kg today amid positive global cues and pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in February rose by Rs 1.30, or 0.36%, to Rs 364.75 per kg, with a turnover of 227 lots.
Similarly, the metal for delivery in April was up by Rs 1.10, or 0.30%, at Rs 366.60 per kg, with a trade volume of 108 lots.
Market analysts said besides rising demand in the spot markets, a firming trend in global market ahead of data that may signal demand strength from the US, the world's second-largest metals consumer, led to the rise in copper in futures market.
Globally, copper for delivery in three months at the LME rose 0.4% to $5,798.50 per tonne, while in Shanghai, the metal for April delivery advanced by 0.7% to 42,200 yuan ($6,742) per tonne.
At the Multi Commodity Exchange, copper for delivery in February rose by Rs 1.30, or 0.36%, to Rs 364.75 per kg, with a turnover of 227 lots.
Similarly, the metal for delivery in April was up by Rs 1.10, or 0.30%, at Rs 366.60 per kg, with a trade volume of 108 lots.
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In Asian trade, copper futures for delivery in July added 0.5% to 46,660 yuan ($7,478) a tonne in Shanghai.
Market analysts said besides rising demand in the spot markets, a firming trend in global market ahead of data that may signal demand strength from the US, the world's second-largest metals consumer, led to the rise in copper in futures market.
Globally, copper for delivery in three months at the LME rose 0.4% to $5,798.50 per tonne, while in Shanghai, the metal for April delivery advanced by 0.7% to 42,200 yuan ($6,742) per tonne.
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